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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar.
Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5 purchased Oct. 10 sold a FIFO b Moving weighted average Gale Company employs a perpetual inventory system. Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using: (Round your intermediate calculations and final nswers to 2 decimal places.) 345 units @ $ 260 units @ $ 425 units @ $ 237 units @ $ 310 units @ $ 565 units @ $ 157/unit Sales Cost of goods sold Gross profit Ending Inventory 77/unit 81/unit 157/unit 75/unit 61/unit FIFO 2. Using your calculations from Part 1, complete the following schedule: (Round your intermediate calculations and final answers to 2 decimal places.) Cost of Goods Sold Moving Weighted Average
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